I tried pretty much every option I can think of on that LSI_PreBoot file. Nothing worked for me. I guess its time to give upWell, that's where I ended up stuck for a long time,too.
Fortunately, nothing that you can erase with the LSI tools is specific to the Velodrive. Mine think they're 9211-4i controllers now, with 4 SATA SSDs made by OCZ attached.
Here is a big (150MB or so) ZIP file with the LSI stuff I was playing with when the drive magically started working again. As I mentioned, I don't remember what I did to get it going, but I'm almost positive it was something in that package.
Once again I really appreciate your help.